On May 31, 2019, a U.S.
federal judge ruled that Ross Ulbricht, the creator of the Silk Road online drug marketplace, must forfeit nearly $50 million in Bitcoin and other assets to the government. The ruling comes more than five years after Ulbricht was arrested and sentenced to life in prison without the possibility of parole.
The $50 million forfeiture is the largest ever imposed in a criminal case, and it represents only a fraction of the total amount of Bitcoin that was seized from Silk Road by the FBI when the site was shut down in 2013. At today’s prices, those Bitcoins would be worth more than $700 million.
While Ulbricht no longer has control over his Silk Road-era Bitcoin stash, it’s unclear what happened to the rest of his BTC holdings. In a 2017 interview with Motherboard, Ulbricht’s mother Lyn said her son had “a few hundred thousand” dollars worth of Bitcoin when he was first arrested, but she claimed she didn’t know what happened to it after that.
NOTE: WARNING: This article discusses Ross Ulbricht, a convicted felon who is serving two life sentences for his involvement in the Silk Road online black market. It also discusses Bitcoin and related topics. Please exercise caution when researching this topic or discussing it with others, as the discussion of any criminal activity is potentially illegal. Additionally, this article does not provide investment advice and should not be taken as such.
It’s possible that Ulbricht spent some of his Bitcoin while he was in prison; Motherboard reported in 2016 that he had used the messaging app WhatsApp to ask a friend to buy him an ice cream cone with BTC. But it seems likely that much of Ulbricht’s Bitcoin is still sitting in wallets that only he can access.
So does Ross Ulbricht still have Bitcoin? It’s hard to say for sure, but it seems likely that he does—and that he may be sitting on a fortune that continues to grow larger as the price of Bitcoin rises.
Ross Ulbricht does not have access to his bitcoin anymore due to it being seized by the FBI when they shut down Silk Road. However, it is possible that he still has some bitcoin stored in wallets that only he can access.
While we cannot know for sure how much bitcoin Ross Ulbricht has, it is safe to say that he may be sitting on a fortune as the price of bitcoin continues to rise.
9 Related Question Answers Found
Ross Ulbricht is an American businessman and entrepreneur who is best known for his involvement with the Silk Road marketplace. Ulbricht was arrested in 2013 and is currently serving a life sentence without the possibility of parole. During his time running the Silk Road, Ulbricht is believed to have amassed a large fortune in Bitcoin.
Ross Ulbricht, the creator of Silk Road, an online marketplace that was used to buy and sell illegal drugs, was sentenced to life in prison in 2015. At the time of his arrest, Ulbricht had over 700,000 bitcoins, which were seized by the FBI. Since then, there has been much speculation about what happened to Ulbricht’s bitcoins.
Yes, Tesla still owns bitcoin. The electric car company announced in February that it had bought $1.
5 billion worth of the cryptocurrency. The move sent shockwaves through the financial world and caused the price of bitcoin to soar.
In March of this year, the popular BitTorrent client uTorrent was found to be secretly installing a Bitcoin miner on users’ computers. This led to a lot of uproar, and uTorrent quickly released an update that removed the miner. However, there are still some people who are wondering if uTorrent still has a Bitcoin miner.
Charles Hoskinson is an early investor in Bitcoin and the founder of Cardano, a blockchain platform for smart contracts. He is also a co-founder of Ethereum. While Hoskinson does not disclose how much Bitcoin he owns, it is safe to say that he is a significant holder.
In October of 2013, Ross Ulbricht was arrested for his involvement in the Silk Road marketplace. The Silk Road was an online black market that allowed users to buy and sell illegal drugs and other contraband using the Bitcoin digital currency. At the time of Ulbricht’s arrest, the Silk Road had generated over $1.2 billion in sales and had earned Ulbricht a commission of 6% on all sales.
The digital currency bitcoin has been subject to a lot of scrutiny over the years. Some have called it a fraud, while others have said it is the future of money. But one thing that everyone seems to agree on is that bitcoin is volatile.
This is a difficult question to answer. Some people believe that ARKK does hold Bitcoin, while others believe that the company does not. There is no clear answer, and it is hard to say for certain which side is correct.
There is no one definitive answer to this question. Some people believe that Ross Ulbricht, the creator of the Silk Road marketplace, was also the creator of Bitcoin. Others believe that Satoshi Nakamoto, the anonymous creator of Bitcoin, is a different person entirely.
